New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-30
MIR. MANNING AND TIE NEW BAyK.
WHO WILL GET THE TREASURY PoRrroLroi-coS

| GREssMAS W. l. SCOTT MENTIONED.
WAsmrxGTov. Jan. 30 (SpecidD-Ihe fact that
Secretary Manning does not deny that his reSgnaon
of the Treasury portfolio is possible is proof enough
that he expects to be offered the presidency OF the
Western National Bank, now forming in New-fork.
He again said to-day in reply TO inquiries whether
he had accented the presidency of the bank not.
How can accept what has not been offered 10 me v
But have you not thought OF rcsigningP
IL cannot say anything as TO that at present was
the answer. This is the substance OF the answers
which Mr. Manning has given to all inquiries concern
ing this matter. Naturally the President dlSIikes
parting with him. Tut he does not feel as II be were
Justified an asking Mr.. Manning TO stay In the tahinet
where the work is heavy and the pay small when the
chance is offered to improve his condition not only
nv receiving moro money out also 10y performing lees
laborious work. The compensation generally under
stood to have been offered TO Mr. Manning as an IN
ducement TO resign the Treasury portio 10 Is mem
He is not o reh man. lie viii go out Of oilioe
poorer man than when he went into ~ HIS Expenses
In Washington probably twice the amount OF his
a,arv In the long run l. evident that he cannot
afford 10 do this Ilo has obtained probably as muoh
glory out of his present POSITION AZ ne If aoi 10 n"
Whatever his capacity as banker may De- WIN no,
be denied that he has great executive aolity' ana
while the directors OF the now bank may not -iways
be willing TO follow his counsel or suggestions III the
matter of finance. they seem willing TO pay Tor the
reputation OF having an eNSecretary OF inc treasury
at the head OF their concern Inc real iaha!si o he
bank woud be Mr.. Jordan who Is understood 10 hh|o
hcen offered the yice-presdency. lie would occupy the
same relations in the Institution that he now occupies IN
he where hc 1s Nlrtuhlly uIcctinS Ilc
dnanciol policy such as it is, of the Government
The resignation OF Mr.. Manning attracts less aten-
ton aud il discussed with only lnngd interest mere,
because It has IN great measure been dlscouhted LOT
,non,ba naat Tho question OF who IL TO succeed him
has also been thoroughly ventilated time ana "gain
with and wi hout profit to those who nave discussed
H. Among the host OF candidates likely to be con
sdcred the name OF William l.. Scott stands foremost
He is known to enjoy the Presidents confidence 10 an
extraordinary degree If he wanted the aso nee, y rs S
believed he could get it, but II Is thought That his
health will not permit him TO undergo the stiah ana
the exacting work demanded OF u man It the head OF
the Treasury Department Mr. aron'la rs n,Sy
thought OF by tho President III his present capaciy
but by those In u position to know IT II scarcely pc
lieyed possible that the President thinks highly
enough OF him to make him Secretary OF te ~
During Mr.. Manning's prolonged absence IRON @ .ho
Treasury Mr. Fairchi.d managed its afhlis 10 tno
satisfaction of the President and represented at all
times the Treasury portfolio at the rrgt, ,nc
ber of his official Iamy s quite another thihR ana
n matter the President is said not 10 nave taken
seriously INTO consideration yet IL is even Dceycu
that he has not gwen up all hope OF retaining mr.
Manning, especially as long as the orsaiA'Iou Vi '
new pank has not been perfected.
Charles j. Canda, Assistant United States Treasurer
said Yesterday that tho published statement that tho
Western National Bank which 1t is Intended 10 estasn
n this city, woui not be started unless secretary ""n-
ming accepted the presidency OF the new stuuoh was
II is true" Mr. Canda said. That II remains with tne
Secretary drcico whether he will DO the yresMen
III, health sufficiently good 10 enabo nm 10 porIofm
tho duties the postou and In fuct Is food chruKn
for his present oice he was not bothered oy or1
seekers Tno bank will be startsd however whetno,
Sir Mannin the preaidoucy or not ana tho nos
thing that can said OF tho instita;ion Is that the
subscriptions largely In excess OF tue prSPoso1
caUltiL have a lot Of letters from people wh9n, , .
heard OF Offering subscriptions 10 the stock lo
any Mr. Manning decides that he cannot accept
the position, | an sure that Mr jordan would mako ah
excellent bank president and, besides there are other
IL available. Mr. Jordan VII acccp, IN, ono
postiou offered him ana hns said so IN thon"
words. been In New York today partly IN con
necton with this matter OF tho ney bank but lie iei my
oIiico TO return to Washington" II,
In regard tho statement that the new blnk 1on,u
occupy oHioss IN the Equitable Bnildng. MI Canua
said DO not know who IL authorized Ia MAKE any
In behalf OF the bank and moreover Tue
building Ia not yet cOnpletod Tno new bank VIII 10
incor orrorated at the earliest possible moment"